Curious to see some salaries for top rate employees and mid range. What type of job you do and how long you've been with the company. I'm coming up on 5yrs as a RTD driver. Seeing what I could possibly see in my future if I continue with the company.
It will depend on market level and step you are on. All this can be found out at work and a yearly salary projected. Some locations have lots of overtime routes you can put in for but most do not. Managers have a guideline to follow and will try to keep overtime below 8%(I think). Now take this and forecast what you will be making in 5 or 10 years. That is where you are loosing.
I moved to a smaller location where there is no overtime so I get a straight 40 hours. I had my reasons and was worth it to me. My plan before moving was to start looking to leave FedEx at 15 years and go to another trucking company at the 20 year mark. This was under our old traditional pension plan. Doing this would allowed me 20 years here and 20 years at another company with two separate pensions at age 60.
In the early 90’s, raises were cut in half to help offset the Flying Tiger acquisition. In the late 90’s, raises went from twice a year to once per year. About 7 years ago, performance reviews were done away with and a standardized raise was done. A perfect review would net a 4.5% raise. The standardized raise since they started it has been 0, 2%, and 3%. They have cut raises in half 3 times in the last 15 years. The point? They have strategically done everything to keep the pay as low as they can for many years and will continue to do that as long as they can.
That being said, you are employed and have 5 years experience. Start looking around. A friend with 16 fedex experience left a few years go to one of those AirGas companies and started out $2 per hour more and will get over a dollar raise per year. Check out FedEx Freight, last year they had advertisements at the Pilot saying they were hiring at $22 per hour and would top out in 4 years.
If you continue what you are doing now, you will probably look back and regret not doing so. This is all my humble opinion.